20 July 2017

Eurozone - not much of a Democracy

If one man - and the minions in the ECB's upper echelons - can deprive hundreds of millions of savers of their well-earned returns it shows that the Eurozone - and most of the EU - is ruled by a technocratic caste. That the banking system requires such an overdose of monetary manipulation only is due to the refusal of vested interests to put banks on a viable footing once and for all. The blueprint for this exists and is disregarded by the so-called regulators (they called them Kommissars in the Soviet Union).